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Apr 18, 2013
04/13
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yesterday was something similar on caterpillar. yesterday -- >> fedex, same time i liked u.p.s. there's -- kind of fedex maybe spent too much money on asia. if you shen too much money on asia you're not in good shape. i will come back, i will see you daniher and raise you cyprus senate. i will see you fedex and raise you sandisk. union pacific versus csx. there is an excuse issue. union pacific with a remarkable -- coal only down six. if you're involved with coal, you just got coal in your stocking. >> all right. but that's a stock picker's market you're describing. that's actually trying to discern which managements are doing a better job. >> yes with, as opposed to the futures dictating everything. we'll get to pepsico but it was a remarkable quarter. what can i tell you. versus -- coca-cola had a remarkable quarter, too. obviously consumer products have done very well. pepsico is not claiming raw costs going down because they're hedged. many companies could. buffalo wild wings. we don't talk about buffalo wild wings enough. it is kind of like tractor supply and ulta. buffalo
yesterday was something similar on caterpillar. yesterday -- >> fedex, same time i liked u.p.s. there's -- kind of fedex maybe spent too much money on asia. if you shen too much money on asia you're not in good shape. i will come back, i will see you daniher and raise you cyprus senate. i will see you fedex and raise you sandisk. union pacific versus csx. there is an excuse issue. union pacific with a remarkable -- coal only down six. if you're involved with coal, you just got coal in...
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Apr 19, 2013
04/13
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they've got 110 employees here in china, making components companies sell to firms like caterpillar and honeywell. and the ceo says those rising costs may force him to eventually move out of shanghai. >> we're looking at different areas in china. shanghai has been high cost to manufacture, but that was where we initially went to, and all of our customers were in that area, but in the next five to seven years, i would say we'll definitely be somewhere further inland. >> reporter: take a look at how fast hourly wages have climbed here in china compared to india, mexico and the united states. meanwhile, china's currency, the rmb, has appreciated more than 25% over the last ten years. yo. now analysts believe the cost of manufacturing here in china will be equal to manufacturing in the u.s. within a couple of years. >> if you go back to 2005, it was pretty common for landed costs from china to be 25% to 30% less than the cost of manufacturing in the united states. based on our analysis, that gap -- about two-thirds of that gap has been closed. >> reporter: do rising costs here in china mean
they've got 110 employees here in china, making components companies sell to firms like caterpillar and honeywell. and the ceo says those rising costs may force him to eventually move out of shanghai. >> we're looking at different areas in china. shanghai has been high cost to manufacture, but that was where we initially went to, and all of our customers were in that area, but in the next five to seven years, i would say we'll definitely be somewhere further inland. >> reporter:...
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Apr 17, 2013
04/13
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speaking of the industrials, caterpillar lowering the price from 75 to 95 and from neutral to outperform on concerns about weakness in china. jim, they're calling it a multi-year decline in mining capex, and i'm not sure how that's new. >> this is what happened in 2008 and 2009 and you have credit problems for tat. 8.10 goes to 7.40. is it 12 times earnings and when earnings are coming down, multiples are very slippery things. i think the stock has found footing before 79 and 80. carl, i know you are the man of being able to figure out the calendar. tuesday is keeping its very good performance. >> yes. that was 14 consecutive tuesdays. who knows why? people like to make fun of it. they call it useless numerology. >> when the moon is in the seventh house and it's tuesday. i will point out that the reaction yesterday really gathered steam during the day, and i think the idea that the futures must always key off of europe, they were down at 415. it was nonsense. yes, europe is bad and the car sales are horrendous. if you're ford you have to deal with down 15% over there. look, is bank of am
speaking of the industrials, caterpillar lowering the price from 75 to 95 and from neutral to outperform on concerns about weakness in china. jim, they're calling it a multi-year decline in mining capex, and i'm not sure how that's new. >> this is what happened in 2008 and 2009 and you have credit problems for tat. 8.10 goes to 7.40. is it 12 times earnings and when earnings are coming down, multiples are very slippery things. i think the stock has found footing before 79 and 80. carl, i...
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Apr 20, 2013
04/13
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and we'll interview caterpillar's ceo doug oberhelmin. now, we've been talking a lot about the downward movement in precious metals. we're continue tock on the lookout to see what people are doing when it comes to buying gold and silver. well, the largest coin show on the west coast kicks off today, and that's where we find jane wells, taking the pulse of the gold and silver bugs. >> very flashy, very nice. >> reporter: if you want to know how people feel about gold, don't look at the markets, look at the coin shows. >> on the entire floor, we're expecting business in the tens of millions of dollars. >> reporter: at the santa clara county show in the heart of silicon valley, thousands came to buy and sell, mostly buy. >> you see more buying. people interested in buying. >> why? >> they're taking advantage of the dips. >> reporter: kerry is buying. he is a wholesaler whose firm has been involved with big auctions, including one for a rare coin which sold for a record $10 million. what kind of coin is it? >> a 1794 silver dollar. >> for $10
and we'll interview caterpillar's ceo doug oberhelmin. now, we've been talking a lot about the downward movement in precious metals. we're continue tock on the lookout to see what people are doing when it comes to buying gold and silver. well, the largest coin show on the west coast kicks off today, and that's where we find jane wells, taking the pulse of the gold and silver bugs. >> very flashy, very nice. >> reporter: if you want to know how people feel about gold, don't look at...
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Apr 22, 2013
04/13
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caterpillar rallied but at the end of the day there is not much growth going on. >> howard, same question for you. any of these companies indicate which way we may see them go? >> i think we have seen some of the previews out of china already. sloppy. out of europe it's difficult but not impossible. maybe there is nobody being troubled. >> we will leave it there, men, thank you very much. coming up, my thoughts on the core issues facing apple. stay with us. [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >> >> and finally my observation from what we migh
caterpillar rallied but at the end of the day there is not much growth going on. >> howard, same question for you. any of these companies indicate which way we may see them go? >> i think we have seen some of the previews out of china already. sloppy. out of europe it's difficult but not impossible. maybe there is nobody being troubled. >> we will leave it there, men, thank you very much. coming up, my thoughts on the core issues facing apple. stay with us. [ male announcer ]...
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Apr 22, 2013
04/13
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caterpillar, which we got out this morning. and a decline in home sales. jonlsen and johnson shares hitting an all-time high. we'll talk to ceo alex gorsky from j & j exclusively laying out his strategy for the health care giant. >>> meantime, shares of netflix, big gains. about 7%. ti is also higher. both will be reporting earnings after the bell tonight. they are due out about an hour from now. we'll have full team coverage of the numbers and the full analysis coming your way. >>> take a look at the markets as we approach all of that. dow jones industrial on the highs of the day. big victory given the fact we had been negative for much of the day. nasdaq composite also turning from the lows. that, too, at the high of the day with a gain of 30 points. now technology the leadership on the upside. s&p 500 up 8.25 points. one-half of 1%. what is driving this market today, bob pisani, in the middle of all the action right now? >> folks, we were down 80 points as you saw from the dow industrials interday. we've come up 100, 105 points. still not a lot of direc
caterpillar, which we got out this morning. and a decline in home sales. jonlsen and johnson shares hitting an all-time high. we'll talk to ceo alex gorsky from j & j exclusively laying out his strategy for the health care giant. >>> meantime, shares of netflix, big gains. about 7%. ti is also higher. both will be reporting earnings after the bell tonight. they are due out about an hour from now. we'll have full team coverage of the numbers and the full analysis coming your way....
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Apr 16, 2013
04/13
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. >> caterpillar, uniquely involved in mining and that's moving up. i don't trust that. i don't trust that they have the quarter. >> gold corp, barrett gold are all victims of higher finding costs and less gold coming out and the market not that good. i also want to warn people that you have to be careful of the gold royalty trusts because you're a gold mine, you're not going to start a new mine right now. wow, you call your guys and say holy cow, where does it stop? david, you alluded to the etfs, the etfs did not act like -- they were driving gold and that's the tale. i didn't like that. >> watching that gld which is the largest by far was quite something yesterday. >> didn't you realize that all of those worries about the gld not being a real security when you go to the gold dealers? >> it did have that feeling which gets you wondering is there forced liquidation? >> let's not forget these are bought with leverage by certain funds and we don't have the answers right now. >> you even said this morning on twitter as someone who liquidating a client's position. >> i have
. >> caterpillar, uniquely involved in mining and that's moving up. i don't trust that. i don't trust that they have the quarter. >> gold corp, barrett gold are all victims of higher finding costs and less gold coming out and the market not that good. i also want to warn people that you have to be careful of the gold royalty trusts because you're a gold mine, you're not going to start a new mine right now. wow, you call your guys and say holy cow, where does it stop? david, you...